Terms were not disclosed.
Cascade’s 166 employees will continue working at the company, which will continue to operate as Cascade Pacific Pulp. Wayne Henneck will remain president.
Cascade Pacific Pulp, LLC, is a specialty kraft pulp mill that produces more than 180,000 tons of bleached and unbleached pulp per year for use in various paper products and building materials. The pulp is shipped to customers across the United States and Asia.
It purchased the Halsey pulp mill from Pope & Talbot after Pope declared bankruptcy in 2008.
International Grand Investment is a Delaware corporation whose Hong Kong-based owner’s activities include pulp sales and marketing.
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